trending Market Intelligence /marketintelligence/en/news-insights/trending/TjB3uA5TO1skOvS0DVagwA2 content esgSubNav
In This List

BHP Billiton, Vale JV Samarco seeking approvals for restarting operations

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


BHP Billiton, Vale JV Samarco seeking approvals for restarting operations

BHP BillitonGroup said on May 6 that the Samarco Mineração SA joint venture with has begun the process ofseeking approvals with a view to restarting operations at the iron ore mine inBrazil's Minas Gerais state.

The statement followed news that Brazil's Federal Court of Appeal ratified the15-year agreement entered into by the joint venture for the rehabilitation ofthe damage caused by the dambreach that killed 19 people and devastated several communities.

BHP did not put a timeline on the restart, saying Samarco'soperations will "restart only when it is safe to do so, and when allregulatory approvals are granted and accepted by the relevant authorities andcommunities."